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980 Sunset Dr, Waterford, MI, 48328

4beds
4baths
4,271sqft
$949,900
$222price/sqft
$6,895/moest. monthly cost
$275,800/yrincome needed

About This Home

Rare Elizabeth Lake Waterfront Condo with Private Boat Slip One of only 11 rarely available residences located in the exclusive Walter’s Beach Condos, this exceptional West facing condominium offers a rare combination of luxury, space, privacy and effortless lake living. Enjoy beautiful lake views, spectacular sunsets, a sandy beach and your own boat slip—all while enjoying the convenience and low-maintenance lifestyle of a condominium. Thoughtfully updated and professionally decorated, this spacious 4-bedroom, 3.5-bath residence offers an impressive amount of finished living space with a desirable open layout and abundant natural light. The spacious main level primary suite provides a peaceful retreat and features a beautifully renovated master bath. Four bedrooms provide flexibility for family, guests, office space, or hobbies. The beautifully appointed kitchen, updated finishes and professionally designed interiors create a sophisticated yet comfortable atmosphere. The home has been extensively updated and meticulously maintained, offering the quality and feel of a luxury home without the exterior maintenance of a lakefront house. The finished walkout lower level provides exceptional additional living space for entertaining, guests, family gatherings or relaxing by the lake. A spacious 2-car garage provides ample room for vehicles and storage. Beyond the impressive interior, the real luxury is the lifestyle. Step outside and enjoy your private waterfront setting, sandy beach and boat slip—perfect for boating, swimming, kayaking, fishing or simply relaxing by the water. With only 11 residences in this unique community, opportunities to own a property here are exceptionally rare. This is more than a condominium—it is a lakefront lifestyle that is rarely available. If you have been searching for a waterfront home that combines the beauty and recreation of Elizabeth Lake with the convenience of condominium living, this is an opportunity not to be missed.

Getting Around

33
WalkingCar-Dependent
0
TransitVery Limited Transit
32
BikeSomewhat Bikeable

Schools

7/10
5/10
Mason Middle SchoolGrades 6-84.4 mi
5/10

Construction

Condition

  • Year built: 2001

Materials

  • Foundation: Basement,Poured,Sump Pump
  • Roof: Asphalt
  • Construction materials: Brick

Notable Dates

  • Major remodel year: 2024

Type & Style

  • Home type: Condo
  • Architectural style: Colonial
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Double Oven,Electric Cooktop,Exhaust Fan,Free Standing Refrigerator,Microwave,Stainless Steel Appliances

Basement

  • Has basement: Yes
  • Basement: Finished,Full,Walk Out Access

Bedroom

  • Level: Second
  • Area: 300
  • Dimensions: 20 X 15

Bedroom

  • Level: Second
  • Area: 208
  • Dimensions: 16 X 13

Bedroom

  • Level: Basement
  • Area: 234
  • Dimensions: 18 X 13

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Dining Room

  • Level: Entry
  • Area: 156
  • Dimensions: 13 X 12

Family Room

  • Level: Basement
  • Area: 441
  • Dimensions: 21 X 21

Features

  • High Speed Internet
  • Window features: Energy Star Qualified Windows
  • Fireplace features: Family Room,Gas,Great Room
  • Fireplace: Yes
  • Finished area below ground: 1,800
  • Finished area above ground: 2,471

Great Room

  • Level: Entry
  • Area: 378
  • Dimensions: 21 X 18

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total interior livable area: 4,271 sqft

Kitchen

  • Level: Entry
  • Area: 26
  • Dimensions: 13 X 2

Laundry

  • Level: Entry
  • Area: 42
  • Dimensions: 7 X 6

Other

  • Level: Second
  • Area: 144
  • Dimensions: 12 X 12

Other

  • Level: Basement
  • Area: 64
  • Dimensions: 8 X 8

Other

  • Level: Entry
  • Area: 42
  • Dimensions: 7 X 6

Other

  • Level: Basement
  • Area: 221
  • Dimensions: 17 X 13

Primary Bathroom

  • Level: Entry
  • Area: 208
  • Dimensions: 16 X 13

Primary Bedroom

  • Level: Entry
  • Area: 255
  • Dimensions: 17 X 15

Property

Details

  • Parcel number: 1334276011
  • Special condition: Short Sale No,Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: GroundLevel
  • Exterior features: Awnings,Lighting,Private Entrance
  • On waterfront: Yes
  • Waterfront features: All Sports Lake,Beach Access,Beach Front,Boat Facilities,Dock Facilities,Lake Front,Lake Privileges,Navigable Water,Shared Water Frontage,Waterfront
  • Waterbody name: Elizabeth Lake

Lot

  • Features: Dead End Street,Water View,Sprinklers,Vacation Home

Parking

  • Total spaces: 2
  • Parking features: Two Car Garage,Attached,Direct Access,Driveway,Electricityin Garage,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado

FEMA Declared Disasters in Oakland County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,803$57,636
Home Insurance *$638$7,656
Property Taxes $989$11,868
Electricity $465$5,590
Total$6,895$82,740
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$236,400/yr
40% on housing$206,850/yr
45% on housing$183,866/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 14.2%
14.2%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.0%
0.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$222This listing

vs Other Active Listings

Avg $/sqft

ZIP 48328$163
Oakland County$199

vs Homes Sold Last Month

Median $/sqft

ZIP 48328$185
Oakland County$192

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-15Price change$949,900
2026-06-29Price change$999,900
2026-06-19Listed for sale$1,100,000
2020-07-15Sold$631,000
2018-10-30Listing removed$550,000
2018-08-11Price change$550,000
2018-04-12Listed for sale$575,000
2017-11-04Listing removed$575,000
2017-09-20Price change$575,000
2017-09-02Listed for sale$600,000
2017-07-27Listing removed$3,000
2017-07-25Listed for rent$3,000
2011-08-14Listing removed$3,000
2011-07-27Price change$3,000
2011-06-19Price change$429,000
2011-06-18Listed for sale$3,000

For Sale by Agent

AgentMark G Brown
BrokerageRE/MAX Classic

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